Effective Governance and the Internal Audit Function
Corporate governance provides a framework of rules, practices, and processes by which a company is directed and controlled. It involves balancing the interests of a company’s many stakeholders, including shareholders, management, customers, regulatory agencies, and the community it serves.
Internal audit plays a crucial role in corporate governance by providing independent and objective assurance to the organization’s board of directors and senior management. It is designed to promote transparency and accountability within the organization by assessing the effectiveness of the organization’s risk management and internal control processes. It also helps to ensure that operational procedures are effective, efficient, and compliant with relevant laws and regulations.
In this session, we’ll cover two key areas:
- Considerations to maintain and oversee an effective internal audit program
- Explore the interplay between corporate governance and internal audit and discuss how each can enhance the other to provide a strong governance framework for the organization.